You are wrong - United applied for a 9-11 ATSB loan but it was disapproved. It never got a loan.
Also, to MtAthos, #8, the "Summer of Hell" was not the fault of the attendants or other United $11/hour workers, but exclusively the actions of the pilots, who sabotaged flights until they got a cowardly management to cave in and give them about $300,000 a year wages. Management always gave in to the pilots because they belong to the same country clubs.
It was the debt from the pilot giveaway that put United on its road to bankruptcy. And the CEOs who gave away the store are now collecting millions per year in golden parachute buyouts, getting first class free travel and country club memberships for life for themselves AND their families.
The unions have their faults in this mess, but incompetent and greedy management is the real source of the problems for the airlines, the Enrons, the GMs, and all the rest of the failing American industrial machine.
History may show that on unbridled capitalism, Marx was right, if for the wrong reasons. Companies are no longer run by entrepreneurial founders, like Ford or IBM's Watson, or PanAm's Trippe, but by greedy bankers, lawyers, and MBAs who are only looking to their stock options and buy outs and job offers from the next sucker company and fellow travelling Board of Directors.
Airline management gave in to the unions more than they should have to avoid a strike that could very easily have ruined their business and their careers. To say that the people who run airlines are cowardly however, requires a total lack of understanding about what it takes to run such a business.
Management always gave in to the pilots because they belong to the same country clubs.
Yeah, that's why they did it. Because there has always been so much love between the pilots and management. LOL! It didn't take long for your class warfare argument to surface.
..and all the rest of the failing American industrial machine
Yet, our economy remains the envy of the world. We make and export more now than at any other time in our history. GDP growth is robust, employment is high and our household net worth has doubled in just the past decade.
History may show that on unbridled capitalism, Marx was right, if for the wrong reasons.
Marx was wrong about everything as are the people who still believe he said anything worth remembering.
Companies are no longer run by entrepreneurial founders, like Ford or IBM's Watson, or PanAm's Trippe, but by greedy bankers, lawyers, and MBAs who are only looking to their stock options and buy outs..
I guess you must have missed silicon valley and the rest of the tech industry revolutionizing the world economy.